A Machinery was purchased by X Ltd on 01-01-13. Depreciation was charged at 15% p.a.under SLM. with effect from the 2nd year depreciation was charged under WDV method at thesame rate. The WDV of the machinery on 01-01-15 was ₹3,68,475. Find the original cost ofthe machinery?

Question

Examsnet · Accepted Answer

Correct Answer is : ₹ 6,00,000

CA CPT Dec 2016 Question Paper Fundamentals of Accounting for online practice